Europe Adiponitrile Market Size & Outlook, 2022-2030
Europe adiponitrile market, 2018-2030 (US$M)
Related Markets
Europe adiponitrile market highlights
- The Europe adiponitrile market generated a revenue of USD 1,737.5 million in 2022.
- The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, nylon synthesis was the largest revenue generating application in 2022.
- Electrolyte Solution is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,737.5 million |
| Market revenue in 2030 | USD 2,788.9 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Nylon synthesis |
| Fastest growing segment | Electrolyte Solution |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nylon Synthesis, HDI, Electrolyte Solution, Other Applications |
| Key market players worldwide | Asahi Kasei Corp, Ascend Performance Materials, Basf SE, INVISTA, Tokyo Chemical Industry, Butachimie, Spectrum Chemicals |
Other key industry trends
- In terms of revenue, Europe region accounted for 17.9% of the global adiponitrile market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,666.9 million by 2030.
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Adiponitrile Market Scope
Adiponitrile Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe adiponitrile market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to adiponitrile market will help companies and investors design strategic landscapes.
Nylon synthesis was the largest segment with a revenue share of 88.86% in 2022. Horizon Databook has segmented the Europe adiponitrile market based on nylon synthesis, hdi, electrolyte solution, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Adiponitrile, which is a vital chemical compound used in the production of nylon 6, 6, holds a significant position in the market in Europe. The demand for adiponitrile in the region has been steadily increasing due to its robust manufacturing base and increased adoption of sustainable materials, along with the growth of various key end-use industries such as textiles and automotive in Europe.
Adiponitrile is utilized for producing adiponitrile-butadiene-styrene (ABS) resins, which are commonly used in textile applications. ABS resins are employed in the manufacturing of fibers, fabrics, and other textile products owing to their strength, durability, and chemical resistance.
According to the European Apparel and Textile Industry, the textiles and clothing industry of Europe was valued at USD 158.14 billion in 2021 with Italy accounting for a share of 22% of the total market, followed by Romania and Germany accounting for shares of 11% and 9% respectively, of the market in the same year.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe adiponitrile market , including forecasts for subscribers. This continent databook contains high-level insights into Europe adiponitrile market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe adiponitrile market size, by country, 2018-2030 (US$M)
Europe Adiponitrile Market Outlook Share, 2022 & 2030 (US$M)
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